R 390.1405
R 390.1405 Definitions; L.
Cite as Mich. Admin. Code R 390.1405
Rule 5. As used in these rules:
(a) "Lender" means an eligible lender or holder, as defined by the secretary in
the provisions of 34 C.F.R. S682.200, who has entered into a participation agreement
with the authority. These provisions are adopted by reference in R 390.1491.
(b) "Limitation" means the continuation of an institution's eligibility subject to
compliance with special conditions established by the provisions of R 390.1481 to R
390.1490.